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  5. The diagram above re...

The diagram above represent

Economics
JAMB 2023

The diagram above represent

  • A. Supply curve
  • B. Production possibility curve
  • C. indifference curve
  • D. Demand curve
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Correct Answer: Option B
Explanation

The digram above represent the production possibility curve which is also known as production possibility frontier, production possibility boundary, or transformation curve.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts